The dust raised over the announcement of US$200, 0 00,000 (grant for the entertainment industry may have finally settled, as government announced during the week, the release of the funds. The Honourable Minister of Finance, Mr. Olusegun Aganga, who confirmed the provision of Special Entertainment Fund which has since been released to the Bank of Industry (BoI). The bank, according to our source has been appointed the custodian of the Fund, while the Lagos Business School will provide entrepreneurial capacity training for beneficiaries of the Fund. Application to access the funds accordingly opens on January 17, 2011 and borrowing will attract a single digit interest rate. And to make the funds accessible to interested applicants, the bank has a new site http://www.boinigeria.com in place and advise would be applicants to visit the website. At the 30th anniversary of the Silverbird group, the President, Dr. Goodluck Jonathan shocked the audience especially members of the entertainment community with the announcement of US$200,000,000 funds for the entertainment industry.

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